6 Hrs
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عربية – DW
Source: عربية – DW
6 Hrsعربية – DW
Source: عربية – DW
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The Egyptian government has announced a three-month plan to rationalize public spending. It includes cutting electricity consumption by government agencies by 20%, postponing nonessential expenditures, and requiring Finance Ministry approval for spending in foreign currency. The measures come amid economic pressures linked to the fallout from the war and rising oil prices. The pound has fallen by around 8%, reaching a record low of 56 to the dollar on October 26. The plan has sparked debate: some see it as necessary to ease pressure on the currency and the economy, while others fear it will add to the burden on citizens as prices continue to rise.
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